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Ridesharing firm Uber suspends operations in Nevada  

Nov 27 (Reuters) - Ridesharing company Uber suspended its operations in the U.S. state of Nevada late on Wednesday in a setback that it said would cost nearly 1,000 jobs. Companies such as Uber allow passengers to summon cars using apps on their smartphones, rather than calling a taxi company, and have gained popularity in dozens of U.S. cities over the past few years....More

UPDATE 1-India's Jaitley likely to meet Rajan on Monday to urge rate cut  

* Interest rate cut seen helping auto, housing sectors - source * Govt may extend factory gate tax concessions to automakers * July-Sept GDP growth seen lower than the previous qtr (Adds details) By Manoj Kumar NEW DELHI, Nov 27 (Reuters) - India's finance minister is likely to meet the head of the Reserve Bank of India in New Delhi on Monday to urge the central bank to cut interest rates at a policy meeting the following day, two senior finance ministry officials said....More

Mercedes performance car sales may double through 2017-unit head  

* Performance division sees strong demand from US, China * Sales may more than double from 32,200 deliveries in 2013 * AMG division plans 9 new models through 2020 STUTTGART, Germany, Nov 27 (Reuters) - Daimler's Mercedes-AMG performance cars division aims to more than double vehicle sales over the next three years as it pushes expansion into compact cars, a senior executive said....More

Internet-connected device sector deals accelerating, report finds  

By Eric Auchard FRANKFURT, Nov 27 (Reuters) - Investment in the fast-growing market for Internet-connected devices gathered pace this year and is set to attract more top U.S. technology and telecoms buyers of firms active in the market, a report from a merger advisory firm said on Thursday. Corporate finance adviser Hampleton Partners' report said that $9.4 billion has been spent in the past three years to acquire so-called "Internet of Things" suppliers, with $5 billion, or more than half of the total, in the first nine months of 2014....More

UPDATE 2-Infineon sees 2015 margin flat in challenging market  

* Fiscal Q4 oper profit 188 mln vs 193 mln expected * Sees FY 2015 revenue up 6-10 pct * Shares fall more than 4 pct in early trade (Adds detail about units, analyst comment, shares) By Harro Ten Wolde FRANKFURT, Nov 27 (Reuters) - Auto and industrial chipmaker Infineon said its 2015 operating margin would remain roughly flat, disappointing the market, as sales at its high-margin industrial power-control unit would grow more slowly than the group average....More

CORRECTED-Indonesia names new chief of key investment body  

(Corrects paragraph one to show Sibarani is former official of GarudaFood, not current) JAKARTA, Nov 27 (Reuters) - Indonesia has appointed Franky Sibarani, a former official of food and beverage company GarudaFood, to head its main investment body, the cabinet secretary said on Thursday....More

Indonesia names new chief of key investment body  

JAKARTA, Nov 27 (Reuters) - Indonesia has appointed Franky Sibarani, an official of food and beverage company GarudaFood, to head its main investment body, the cabinet secretary said on Thursday. "Sibarani was chosen because he is a business actor and was nominated by several parties to head BKPM," Cabinet Secretary Andi Widjajanto told reporters, using the acronym for the Investment Coordinating Board. (Reporting by Jakarta bureau; Writing by Kanupriya Kapoor; Editing by Clarence Fernandez)...More

BRIEF-Zhengzhou Yutong Bus gets approval for assets acquisition plan, shares to resume trading on Nov 28  

Nov 27 (Reuters) - Zhengzhou Yutong Bus Co Ltd * Says gets regulatory approval for assets acquisition plan, shares to resume trading on Nov 28 Source text in Chinese: Further company coverage: (Reporting by Hong Kong newsroom)...More

India may extend tax breaks for auto firms beyond Dec 31 - source  

NEW DELHI, Nov 27 (Reuters) - India may extend excise duty concessions for carmakers beyond Dec. 31, a finance ministry source said on Thursday, as the industry continues to struggle with sluggish demand due to high interest rates. "Car sales are down. The government could extend tax relief to the auto sector beyond Dec. 31," the source said on condition of anonymity. The excise duty concessions, which were granted in February this year, will lapse on Dec. 31, if not extended. (Reporting by Manoj Kumar; Editing by Subhranshu Sahu)...More

India's Jaitley to meet Rajan Monday to urge rate cut - source  

NEW DELHI, Nov 27 (Reuters) - Indian Finance Minister Arun Jaitley will meet Reserve Bank of India Governor Raghuram Rajan on Dec. 1 to urge a cut in interest rates when the central bank holds a policy meeting the next day, a senior finance ministry source said. "A rate cut is needed now," the source said on Thursday, speaking on condition of anonymity. "It can help the auto and housing sectors."...More
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